Penguin Solutions announces $75M buyback authorization

On October 6, 2025, the Audit Committee of the Board of Directors approved a $75 million common stock repurchase authorization, bringing total stock repurchase authorizations over the last four years to $225 million. Under the stock repurchase authorization, the Company may repurchase shares of its outstanding common stock from time to time through open market purchases, privately-negotiated transactions or otherwise.